Investment Date
February 2012
Vertical
Industrial
Fund
GCP III
Investment Status
Prior
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Hay Group

Leading European supplier of forged and machined powertrain components to the international passenger and commercial automotive industry Highlights
  • Manufactures high precision forged and machined components for engines, gearboxes, and axles for the automotive, commercial vehicle, and bearing industries
  • Key products include drive gears, ring gears, flywheels, flexplates, hot seamless rings, crown wheels, bearing rings, and gear blanks
  • Deep, long-term relationships with top German automotive OEMs (e.g. VW, Daimler, and Volvo) and Tier 1 Suppliers
  • Headquartered in Bad Sobernheim, Germany with manufacturing operations sites in Bad Sobernheim, Bockenau, and Lüchow
  • Acquired Hay from a private seller
  Initiatives
  • The transaction closed in February 2012
  • Post-acquisition focus has been on the execution of a 90-day-plan covering five major areas:
    • Completing the current turnaround program
    • Driving top-line growth
    • Optimizing operations
    • Globalizing coverage
    • Actively pursuing various M&A opportunities
  • Acquired 3 strategic tuck-in acquisitions to date; Metallumform, Metaco Union and Forjanor
    • These acquisitions further bolster Hay’s product offerings, geographic scale, and customer & technical capabilities
  • In June 2016, Gores completes the sale of Hay Group to Musashi Seimitsu